Pound Volatility to Increase on Court Ruling: Morgan Stanley

The transcript discusses the market's reaction to Brexit, highlighting the pound's volatility and the risk of a no-deal Brexit. It also covers Scotland's role in asserting independence and Gina Miller's significant legal actions. The potential response of Prime Minister Johnson, including his need to address Parliament, is also explored.

What is the current perception of the risk of a no-deal Brexit?

• It is no longer a concern for the UK.

• It remains a significant risk.

• The risk has completely disappeared.

• It is considered a minor risk.

How does the market view the impact of Brexit on the pound compared to UK interest rates?

• The pound is seen as more stable than interest rates.

• Both the pound and interest rates are equally affected.

• Brexit outcomes are more negatively priced into the pound.

• Interest rates are more affected by Brexit than the pound.

What role did Scotland play in the recent Brexit legal challenges?

• Scotland's MPs initiated the legal case independently.

• Scotland's actions were insignificant in the legal process.

• Scotland remained neutral in the legal challenges.

• Scotland supported England's legal stance.

Who is Gina Miller and what was her contribution to the Brexit legal process?

• A Scottish MP who opposed Brexit.

• A legal advisor to the UK government.

• An activist who challenged the legality of Brexit actions.

• A journalist reporting on Brexit developments.

What is expected of Prime Minister Johnson following the court decisions?

• He is expected to ignore the court decisions.

• He will continue his visit in New York without changes.

• He must address the nation on live TV.

• He is likely to make a statement in Parliament.